Otter Tail Co. (NASDAQ:OTTR) Holdings Reduced by Cwm LLC

Cwm LLC decreased its position in Otter Tail Co. (NASDAQ:OTTR) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,181 shares of the utilities provider’s stock after selling 1,427 shares during the period. Cwm LLC’s holdings in Otter Tail were worth $1,290,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Otter Tail by 8,231.5% in the fourth quarter. International Assets Investment Management LLC now owns 187,958 shares of the utilities provider’s stock valued at $15,971,000 after acquiring an additional 185,702 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Otter Tail by 32.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 545,488 shares of the utilities provider’s stock valued at $41,413,000 after acquiring an additional 132,162 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Otter Tail by 10.7% in the third quarter. Rhumbline Advisers now owns 116,001 shares of the utilities provider’s stock valued at $8,807,000 after acquiring an additional 11,173 shares in the last quarter. Jump Financial LLC bought a new position in shares of Otter Tail in the third quarter valued at approximately $698,000. Finally, QRG Capital Management Inc. bought a new position in shares of Otter Tail in the third quarter valued at approximately $456,000. Institutional investors own 61.32% of the company’s stock.

Otter Tail Trading Down 1.2 %

Otter Tail stock opened at $84.58 on Friday. The firm has a 50 day simple moving average of $84.81 and a 200-day simple moving average of $82.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 1.36. The stock has a market capitalization of $3.53 billion, a PE ratio of 12.08 and a beta of 0.56. Otter Tail Co. has a 12-month low of $68.96 and a 12-month high of $99.49.

Otter Tail (NASDAQ:OTTR) last issued its earnings results on Tuesday, February 13th. The utilities provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.03. The firm had revenue of $314.31 million during the quarter, compared to analysts’ expectations of $300.60 million. Otter Tail had a net margin of 21.81% and a return on equity of 21.64%. During the same period last year, the firm posted $1.00 earnings per share. As a group, equities research analysts expect that Otter Tail Co. will post 5.28 EPS for the current fiscal year.

Otter Tail Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 15th were issued a dividend of $0.468 per share. This represents a $1.87 dividend on an annualized basis and a yield of 2.21%. This is a boost from Otter Tail’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Wednesday, February 14th. Otter Tail’s dividend payout ratio (DPR) is presently 26.71%.

Otter Tail Profile

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. It operates through three segments: Electric, Manufacturing, and Plastics. The Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator markets.